Olive Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 14.89 Billion |
| Market Size (2029) | USD 18.86 Billion |
| CAGR (2024 - 2029) | 4.85 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Olive Market Analysis
The Olive Market size is estimated at USD 14.89 billion in 2024, and is expected to reach USD 18.86 billion by 2029, growing at a CAGR of 4.85% during the forecast period (2024-2029).
- The olive market has increased in recent years, majorly driven by a shift in the consumption pattern toward the inclusion of olive oil in regular diet and the usage of table olives from Mediterranean cuisine in non-European countries. The demand for olives is not just rising from the food industry; the need for olives and olive trees is also rapidly growing from the Cosmetic industry to make products from the olive oils and biological fuel sector, where bilo fuel is derived from the cultivation of olive trees and the production of olive oil.
- In terms of production, Spain is the largest producer of olives in the world, and Italy holds the second-largest share. Though olive is also produced in various new regions, it is concentrated in the Mediterranean. According to the FAO, the global harvested area of olives was recorded at 9.7 million ha in 2017, which will grow to 12.7 million ha by 2020. Global olive production also grew by 12.3% from 2017 and reached 23.6 million tons in 2020. Though the show has been increasing, the yield has been going down significantly in recent years; from 2017, the work has dropped by 14.5% and reached 18,522 hectograms per hectare in 2020.
- Although the processing of olives into edible oil has dominated the trend of olive production for many years, the demand for table olives for various purposes, such as freshly fermented fruits, olive pickles, and food toppings, is on the rise across the country. This trend is anticipated to affect the market in the long term positively.
Olive Market Trends
This section covers the major market trends shaping the Olive Market according to our research experts:
Dietary Revolution Leading to an Upsurge in Demand for Olive Oil
As the general population is becoming more educated about health, the trend is shifting with the rising demand for oil and olive products, mainly because of their health benefits. Olive oil improves heart health; it contains antioxidants and omega-6 and omega-3 fatty acids. Although olive oil consumption has been traditionally based in the Mediterranean countries, such as Spain, Italy, Morocco, Tunisia, and others, the growing middle-income families and affluent consumers in China, Brazil, and India have started including refined and virgin olive oil in their regular diet. According to a report by the Italian farmer's group, Coldiretti, the world's consumption of olive oil increased by as much as 73% over the last 25 years.
According to the International Olive Council (IOC), the world olive oil production in 2021 is estimated to be 3.09 million metric tons, a 2.9% growth from the previous year. In 2021 the consumption was estimated to be 3.21 million metric tons, a 2.9% growth from 2020. The imports and export in 2020 were registered at 1.12 million metric tons and 1.10 million metric tons, respectively. The global demand for table olives also stemmed from using olives as snacks. The producers apply different fermentation methods to treat olives and offer the final assorted products for consumption.
Europe Dominates the Olive Market
The European Union is the leading producer, consumer, and exporter of olives. According to the FAO, the harvested area of olives in Europe was recorded at 4.9 million hectares in 2017, which increased to 5.1 million hectares by 2020. Also, as per the International Olive Council, Europe accounted for almost 22% of the global olive consumption in 2020, estimated to be 0.6 million metric ton, which is expected to increase slightly next year.
Europe holds a major share of global consumption, with Spain, Italy, Greece, and France accounting for over 80% of the consumption. The consumption of table olives in France was recorded at 65 thousand metric ton in 2017, which grew to 70 thousand metric ton by 2020. According to IOC Spain, Greece, Portugal, and Italy are the European countries with the maximum consumption of olive oil per inhabitant. The yield of olives in Europe has also increased from 26,398 hectograms per hectare to 27,346 hectograms per hectare, supporting the demand and production.
According to UN Comtrade data, the major olive importers in Europe are Portugal, Italy, Netherlands, and Spain. In 2021 Portugal accounted for almost 23% of the total total oilve export values reaching upto USD 23.5 million. Incase of Exports the major exporters of oilve are Portugal, Spain, netherlands and Greece accounting for almost 83% of the global export value in 2021. The demand for Oilve has be increasing year on year, the import value in 2021 was accounted to be USD 90.8 million an of almost 40% from previous year, the export value also increased by almost 26% from 2020 and reached USD 79.1 million in 2021 and this is trend is expected to continue during the forecasted period with the rising demand.
Olive Market News
- September 2022: The Food and Agriculture Organization of the United Nations (FAO) and the European Bank for Reconstruction and Development (EBRD) is collaborating with the Ministry of Agriculture and the European Union to conduct two training sessions for key players in Jordan on the best practices on olive oil mining and olive oil quality.
- May 2022: A team from the Faculty of Pharmacy and Food Sciences, Torribera Food and Nutrition Campus, and the Institute for Nutrition and Food Safety Research (INSA) of the University of Barcelona has presented a new methodology to determine the geographical origin of olive oil to help tackle adulteration and commercial fraud cases.
- January 2022:The Italian government has passed a law to protect suppliers and operators from burdensome contractual agreements hindering profitability and prohibiting the sale of extra virgin olive oil below cost.
Olive Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain Analysis
5. MARKET SEGMENTATION
-
5.1 Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis)
- 5.1.1 North America
- 5.1.1.1 United States
- 5.1.1.2 Canada
- 5.1.2 Europe
- 5.1.2.1 Spain
- 5.1.2.2 Greece
- 5.1.2.3 Italy
- 5.1.2.4 Turkey
- 5.1.2.5 Portugal
- 5.1.2.6 France
- 5.1.2.7 Germany
- 5.1.2.8 Russia
- 5.1.3 Asia-Pacific
- 5.1.3.1 China
- 5.1.3.2 India
- 5.1.3.3 Australia
- 5.1.4 South America
- 5.1.4.1 Argentina
- 5.1.4.2 Brazil
- 5.1.4.3 Chile
- 5.1.5 Africa
- 5.1.5.1 Morocco
- 5.1.5.2 Tunisia
- 5.1.5.3 Algeria
- 5.1.5.4 Egypt
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Olive Industry Segmentation
Olive is a green or black fruit that is edible and used to produce olive oil. For this report, the market scope includes only fresh and chilled olives. Market estimations have been made based on the global consumption of fresh and chilled olives. The content does not include olives processed in any form, such as frozen, freeze-dried, pickled, cooked, or canned. The Olive Market Report Analyzes the Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis. The Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecast in terms of Value in USD million and Volume in metric tons for all the segments mentioned above.
| Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis) | North America | United States |
| Canada | ||
| Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis) | Europe | Spain |
| Greece | ||
| Italy | ||
| Turkey | ||
| Portugal | ||
| France | ||
| Germany | ||
| Russia | ||
| Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis) | Asia-Pacific | China |
| India | ||
| Australia | ||
| Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis) | South America | Argentina |
| Brazil | ||
| Chile | ||
| Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis) | Africa | Morocco |
| Tunisia | ||
| Algeria | ||
| Egypt |
Olive Market Research FAQs
How big is the Olive Market?
The Olive Market size is expected to reach USD 14.89 billion in 2024 and grow at a CAGR of 4.85% to reach USD 18.86 billion by 2029.
What is the current Olive Market size?
In 2024, the Olive Market size is expected to reach USD 14.89 billion.
Which is the fastest growing region in Olive Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Olive Market?
In 2024, the Europe accounts for the largest market share in Olive Market.
What years does this Olive Market cover, and what was the market size in 2023?
In 2023, the Olive Market size was estimated at USD 14.20 billion. The report covers the Olive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Olive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Olive Industry Report
Statistics for the 2024 Olive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Olive analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
